The economy’s hiring gains have been remarkably consistent in the face of the worst inflation in four decades.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Lewiston-Auburn, Maine
Androscoggin Bank’s B Corp status makes it unique in Maine
The Lewiston-based bank is among an elite group of businesses, recognized for meeting high standards of verified performance, accountability and transparency.
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Posted inBusiness, Nation & World
Stocks slump 3% as worries grow over higher interest rates
Wall Street’s breakneck day-to-day reversal reflects the degree of investors’ uncertainty and unease over the array of threats the economy is facing.
Posted inBusiness
Wall Street, tech investors back Elon Musk’s bid for Twitter with $7 billion
The high profile investors show ‘that it’s not Musk single-handedly trying to turn around Twitter,’ one analyst says.
Posted inBusiness
As diversity rises, U.S. boards still disproportionately white
Following a pressure campaign from outsiders, more companies are disclosing the racial breakdowns of their boards of directors.
Posted inBusiness, Nation & World
Europeans weigh costs of cutting Russian energy over Ukraine
European Union countries import 40 percent of gas and 25 percent of oil from Russia, and the current EU timetable doesn’t foresee energy independence from Moscow for another five years.
Posted inArts & Entertainment, Business, Kennebec Journal, Maine, News
Colonial Theater to host its first show in 53 years in downtown Augusta
Las Vegas magician and mind reader Kent Axell, who grew up in Manchester, to lift curtain Friday for the first ticketed public performance at the historic theater since it closed in 1969.
Posted inBusiness, Maine
Herring industry, mostly in Maine, to get $11 million to cope with fishery disaster
Atlantic herring are an important East Coast fishery because the fish are used as bait by commercial lobstermen.
Posted inBusiness, Nation & World
Applications for U.S. unemployment benefits up slightly
More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years.
Posted inArts & Entertainment, Business
Movies love a comeback story. This summer, it’s their turn.
Hollywood is bringing out some of its biggest and most reliable players for the 2022 summer movie season, which unofficially kicks off this weekend and runs through the end of August.